earnings
confidence high
sentiment neutral
materiality 0.65
Photronics Q1 revenue $211.1M (+11% YoY); GAAP EPS $0.23, non-GAAP $0.40; Q2 guidance $205-215M
PHOTRONICS INC
2023-Q1 EPS reported
$0.23
revenue$211,090,000
- GAAP net income $14.0M ($0.23 diluted EPS) vs $37.1M ($0.60) in Q4 2022; non-GAAP net income $24.4M ($0.40) vs $31.2M ($0.51).
- IC revenue $156.6M (+21% YoY); FPD revenue $54.5M (-9% YoY); total revenue up 0.4% sequentially.
- Q2 2023 guidance: revenue $205-215M, diluted EPS $0.38-0.48.
- Operating cash flow $27.7M; capex $31.1M; free cash flow negative $2.4M.
- Non-operating loss of $14.4M driven by FX; GAAP EPS impacted by $0.17 per share from FX adjustments.